Over the last few years, the metalworking fluids market expansion has been fueled by industrial development in Asia-Pacific and Africa, and this trend is likely to continue even within the forecasted period. Additionally, the liberalization of foreign commerce and investment, as well as a shift in industrial regulations (enabling private firms) the market is expected to largely over the mentioned forecasted period.


Global Metalworking Fluid Additives Market was valued at USD 1,503.60 million in 2021 and is expected to reach USD 2,661.75 million by 2029, registering a CAGR of 7.40% during the forecast period of 2022-2029. The "soluble oils" accounts for the largest class segment in the metalworking fluid additives market owing to the increasing demand for soluble oils in all forms of metal cutting and metal grinding. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

 

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Global Metalworking Fluid Additives Market Definition

Metalworking fluid additives (PFPE) is a low-molecular-weight fluorinated synthetic fluid. Metalworking fluid additives is non-toxic and non-flammable in its natural state. It is utilized in severe temperatures ranging from 80°C to 200°C. PFPE's molecular structure might be linear, branched, or a combination of both, depending on the application. Temperature resistance, lubricity, wear resistance, and fluid volatility are all provided by PFPE.

Competitive Landscape and Metalworking Fluid Additives Market Share Analysis

The metalworking fluid additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to metalworking fluid additives market.

Some of the major players operating in the metalworking fluid additives market are

  • ExxonMobil Corporation (U.S.)
  • Quaker Chemical Corporation d/b/a Quaker Houghton (U.S.)
  • Fuchs (Germany)
  • BP Plc. (U.K.)
  • Total Energies (France)
  • Chevron Corporation (U.S.)
  • The Lubrizol Corporation (U.S.)
  • Idemitsu Kosan Co. Ltd. (Japan)
  • Eurolub GmbH (Germany)
  • Wuxi South Petroleum Additives Co. Ltd., (China)
  • Dorf Ketal (India)
  • Cerion LLC (U.S.)
  • Shamrock Shipping and Trading Ltd. (Cyprus)
  • Jinzhou Runda Chemical Co., Ltd. (China)
  • MidContinental Chemical Company (U.S.)

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Global Metalworking Fluid Additives Market Scope

The metalworking fluid additives market is segmented on the basis of class, processes, additives, application and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Class

  • Straight Oils
  • Soluble Oils
  • Semisynthetic Fluids
  • Synthetic Fluids

On the basis of class, the metalworking fluid additives market has been segmented into straight oils, soluble oils, semisynthetic fluids and synthetic fluids. Soluble oils register the largest share of the market owing to the increasing demand for soluble oils in all forms of metal cutting and metal grinding. 

Processes

  • Metal Forming
  • Metal Removal

The metalworking fluid additives market has also been segmented on the basis of processes into metal forming and metal removal.

Additives

  • Sulphurized / Chlorinated Compounds
  • Corrosion Inhibitors
  • Extreme Pressure Additives
  • Antimist Agents
  • Emulsifiers
  • Alkanolamines
  • Biocides
  • Stabilizers
  • Dispersants
  • Antifoamers
  • Colorants/ Dyes
  • Fragrances

On the basis of additives, the metalworking fluid additives market is segmented into sulphurized / chlorinated compounds, corrosion inhibitors, extreme pressure additives, antimist agents, emulsifiers, alkanolamines, biocides, stabilizers, dispersants, antifoamers, colorants/ dyes and fragrances.

Application

  • Dry Machining
  • Minimum Quantity Lubrication (MQL)
  • Spray Misting
  • Flood Coolant
  • High-Pressure Coolant

On the basis of application, the metalworking fluid additives market is segmented into dry machining, minimum quantity lubrication (MQL), spray misting, flood coolant and high-pressure coolant.

End Use Industry

  • Automotive
  • Power and Energy
  • Aerospace
  • Manufacturing
  • Marine
  • Others

On the basis of end use industry, the metalworking fluid additives market is segmented into automotive, power and energy, aerospace, manufacturing, marine and others.

Metalworking Fluid Additives Market Regional Analysis/Insights

The metalworking fluid additives market is analysed and market size insights and trends are provided by country, class, processes, additives, application and end use industry as referenced above.

The countries covered in the metalworking fluid additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the metalworking fluid additives market because of the stringent policies imposed within the region.

Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increasing automotive industry along with the increasing rising demand for efficient metalworking fluids from automotive manufacturers and OEMs within the region

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